The Obama Flaw in Financial Reform
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The Obama team here seems so happy with delivering only what the Republicans and the Financial Lobby would allow. And that is unfortunately playing to the weaknesses in the Executive Branch that have continued through the last two presidencies -
a)a grossly poor financial management and regulatory record with a tough choice among Alan Greenspan as FED chairman, the SEC failing to control Wall Street, Bush Treasury Secretary Hank Paulson granting immense favors to financial favorites during the financial crisis and the Clinton White House dismantling bank controls for being the worst /most blatant concessions to Wall Street as quid pro quo for the financial lobby’s election bankrolling;